Footwear chain Dune tables offer to save struggling retailer LK Bennett March 27, 2019 Footwear chain the Dune Group has tabled an offer for LK Bennett as the struggling fashion retailer’s administrators prepare to select a buyer. Dune, which operates 40 standalone stores and 175 concessions in the UK, was one of a handful of potential buyers to submit final bids earlier this week, Sky News reported. Read more: [...]
Debenhams shares skyrocket as Sports Direct mulls £61.4m bid March 27, 2019 The future of Debenhams is up in the air this afternoon as Mike Ashley battles with creditors to take control of the embattled department store chain. The Sports Direct boss and retail tycoon, who owns a near 30 per cent stake in Debenhams, revealed yesterday that he was mulling a £61.4m bid to take full [...]
Debenhams shares soar as Mike Ashley’s Sports Direct considers offer March 26, 2019 Debenhams has doubled down on its major restructuring strategy this morning, saying that it will continue with its plan to obtain funding hours after Sports Direct revealed it was mulling a bid for the embattled department store chain. Read more: Sports Direct mulls cash offer for Debenhams Last night Mike Ashley’s sportswear firm said that [...]
Sports Direct mulls cash offer for Debenhams as Ashley looks to seize control March 25, 2019 Sports Direct has said it is considering a bid for Debenhams just hours after owner Mike Ashley branded the troubled department store’s rescue plan “unworkable”. The retail tycoon’s firm said in a statement after close this evening it was weighing up an offer for the firm “alongside other options”. It said the bid would likely [...]
Mike Ashley’s Sports Direct makes official £139m offer for Findel March 19, 2019 Sports Direct has made an official bid for home shopping firm Findel as it sent out an offer document to shareholders. The company, which is currently the firm’s largest shareholder, has offered to buy the rest of Findel’s stock for 161p per share. Read more: Debenhams pressure mounts amid Sports Direct comments Earlier this month [...]
Debenhams pressure mounts amid Sports Direct comments March 18, 2019 The war of words between Debenhams and retail tycoon Mike Ashley escalated once again this morning after Sports Direct’s finance chief confirmed City speculation that it would look to buy the department store chain if it collapsed into administration. Sports Direct’s finance chief Chris Wootton, who could potentially become Sports Direct boss if Ashley takes [...]
Mike Ashley’s Sports Direct accuses Debenhams of ‘deliberately misleading’ the market March 13, 2019 Mike Ashley’s Sports Direct has accused the Debenhams board of “deliberately misleading” the market as the retail tycoon continues to pile the pressure on the struggling high street firm. Sports Direct, which owns a 30 per cent stake in Debenhams, has written to the Financial Conduct Authority (FCA) with concerns that recent trading updates have misled investors [...]
Mike Ashley moves to oust Debenhams board and appoint himself as director March 7, 2019 Retail tycoon Mike Ashley has ramped up the pressure on embattled department store chain Debenhams this evening, after making an audacious bid to axe most of the firm’s directors and appoint himself to the board. In a surprise announcement made on the London Stock Exchange tonight, the billionaire magnate pledged to step down from his current role [...]
Mike Ashley’s Sports Direct makes offer for Findel March 4, 2019 Sports Direct tycoon Mike Ashley is looking to continue his retail spending spree after announcing a £139m offer to buy Findel this morning. Sports Direct, which is currently Findel’s largest shareholder, said in a note to the London Stock Exchange that it has offered to purchase the remaining shares in Findel that it does not already [...]
To buy or not to buy: The never-ending twists in Mike Ashley’s retail plan February 11, 2019 What on earth is Mike Ashley’s plan? That is the question echoing around the City every time the retail tycoon emerges as an unlikely buyer of another beleaguered high street brand. It is almost a weekly occurrence these days, and one that leaves journalists, shareholders, and even some of Ashley’s own directors scratching their heads [...]